Short News View Non-AMP

Ethereum Foundation Moves 49,200 ETH Into DeFi

Published by
Mustafa Mulla

The Ethereum Foundation (EF) has made a major move by depositing a total of 49,200 ETH into various DeFi platforms. According to on-chain data, EF transferred 4,200 ETH to Compound, 10,000 ETH to Aave, and a massive 30,800 ETH to Spark. Another 4,200 ETH was later added to the Compound. This comes after the community suggested that EF should generate funds through DeFi interest rather than selling ETH directly. The move signals a strategic shift, leveraging DeFi protocols to earn passive income while keeping their holdings intact. With Ethereum’s price volatility, this decision could help sustain funding without impacting market liquidity.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

XRP, PEPE Rebound Underway, But Cardano and This DeFi Token Look Stronger

The crypto market pulses with activity as XRP tests key resistance levels, PEPE hints at…

May 10, 2025

Analysts Eye $0.025 MUTM as the Next Crypto to Explode — Is This the Best Crypto to Buy Now?

As investors scan the market for their next big move, one token is beginning to…

May 10, 2025

Shiba Inu (SHIB) Surges by 18% in a Week, But Analysts Are Bullish On Ruvi AI (RUVI) To Reach $2.00 and Turn $500 into $140,000

Shiba Inu (SHIB), the wildly popular meme coin, has once again made a splash in…

May 10, 2025

Pepe Jumps 40% This Week: Will Pepe or Pepeto Be the Next 100x Memecoin in This Bull Run?

Over the past week, Pepe Coin (PEPE) has seen a sharp rise of around 42%,…

May 10, 2025

Top Altcoins to Watch Next Week: dogwifhat, Pepe, and BNB Poised for Potential Breakouts

Over the past week, a handful of altcoins broke away from the market consolidation, delivering…

May 10, 2025

Altcoins Season Incoming — Here’s Why Top Crypto Experts Belives It

After a long, painful stretch for altcoins, the market is finally showing signs of recovery.…

May 10, 2025